⭐️ 𝗘𝗹𝗼𝗻 𝗠𝘂𝘀𝗸’𝘀 𝗣𝗲𝗮𝗸 𝗙𝗮𝗶𝗹𝗲𝗱 𝘁𝗼 𝗦𝘄𝗮𝘆 𝗠𝗮𝗷𝗼𝗿𝗶𝘁𝘆 𝗼𝗳 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻 (𝗗𝗢𝗚𝗘) 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀: 𝗔 𝗗𝗲𝗲𝗽 𝗗𝗶𝘃𝗲
🔸 Elon Musk’s favorite cryptocurrency, Dogecoin, is far from its all-time high price of $0.73 set in 2021.
🔸 Despite this, 77% of Dogecoin holders are still in profit, according to IntoTheBlock.
🔸 However, Dogecoin isn’t the top performing meme coin, with Floki boasting 83% of holders in profit.
Despite a significant drop from its all-time high, a majority of Dogecoin holders are still in profit. However, it’s not the top performing meme coin, with that title currently held by Floki.
🔺 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻 𝗛𝗼𝗹𝗱𝗲𝗿𝘀 𝗦𝘁𝗶𝗹𝗹 𝗶𝗻 𝗣𝗿𝗼𝗳𝗶𝘁
Elon Musk’s favorite cryptocurrency, Dogecoin, may be far from its all-time high price of $0.73 set in 2021, but for a majority of its holders, there’s little reason to worry. According to data from IntoTheBlock, 77% of Dogecoin holders are in the money, meaning the cryptocurrency’s price is above what it was when they bought it.
🔺 𝗙𝗹𝗼𝗸𝗶 𝗢𝘂𝘁𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝘀 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻
While Dogecoin may have a significant number of its holders in profit, it’s not the top performing meme coin. That title currently belongs to Floki, an Ethereum-based meme coin, with 83% of its holders situated in the money. On the other hand, 60% of Shiba Inu holders have profits on paper, while 75% of holders for the meme coin Pepe are in the green.
🔺 𝗠𝗲𝗺𝗲 𝗖𝗼𝗶𝗻𝘀: 𝗛𝗶𝗴𝗵 𝗥𝗶𝘀𝗸, 𝗛𝗶𝗴𝗵 𝗥𝗲𝘄𝗮𝗿𝗱
Meme coins, which often offer little to no utility and move mostly on vibes, can lead to outsized returns for some traders. However, they also come with significant risks, as the crypto market is known for its hallmark volatility. Despite this, the popularity of meme coins continues to grow, with new ones regularly appearing on the market.
$DOGE $FLOKI #DOGE #FLOKI #ElonsMusk